Panera Stock: Worth Your Dough?

The sandwich shop beat on earnings and fell short on revenue, but investors should focus on valuation.

A company that sells hot soup is blaming a harsh winter for dimmed financial forecasts. Really?

That's the story out of Panera Bread (ticker: PNRA). The high-end sandwich shop and bakery unveiled fourth-quarter financial results late Tuesday. At $1.96, earnings per share beat expectations by two cents, while revenue, at $661.7 million, fell just shy of the $662.1 million expected by Wall Street.